Big investor talks recession…ugly recession

Worse still, he compares the Fed mistakes to mistakes made in post-bubble Japan. Jim Rogers is not just any investor, but the co-founder of the Quantum Fund with George Soros.

“They (the U.S. central bank) are printing money and are trying to prevent the recession — they are putting on Band-Aids,” he said ahead of an investor conference in Dublin.

Rogers said the central bank was making the “same mistakes” Japan did in the early 1990s before its credit-inflated bubble economy burst.

“The Japanese did it and the Japanese still have not recovered 18 years later,” he said.

“As long as the (U.S.) central bank and the federal government keep making the mistakes, you will have a longer period of slowdown and it will be perhaps one of the worst recessions we have had in a long time in America,” he said.

Chris in Paris
An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.